PARA price prediction

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  • 14 October 2022
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aistockpriceprediction.com and DataFortress.cloud are not giving any trading advice. Statistics and opinions stated on this website are purely statistical, and should never be used for real life trading. Form your own decisions and speak with a registered investment advisor before investing.

Predicted price range for Paramount Global Cl B

Our trading algorithm values Paramount Global Cl B (PARA) to be fairly valued.

The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.

NameValue
Our valuationfairly valued
Current trenddowntrend
Buy/Sell RecommendationNeutral
Current Price$18.54
60 Day Prediction$17.69
60 Day Pred - Lower Bound$11.01
60 Day Pred - Upper Bound$24.41

Our algorithm predicts the future trend with the linear formula (a*x + b = y):

$ price = -0.037 * nr_days_in_the_future + 18.807

Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.

Historic price development

PARA traded at $18.54 this Friday October 14th, loosing $-0.02 or -0.10786704114070553 percent since last week.

Looking back, over the last month, PARA has been loosing $-4.56 or -24.59546516054031 percent.

Over the last year, it has been loosing $-20.53 or -110.73353703075007 percent.

Seasonality of Paramount Global Cl B

Using our AI model, we have been analyzing the value change for Paramount Global Cl B depending on the day or month of a year. This can be seen in the following graph: